Innovation Management in the Intelligent World: Cases and Tools
This book introduces readers to state-of-the-art cases and tools for managing innovation in today’s rapidly changing business environment. It provides a wealth of methodological knowhow and guidance on practical applications, as well as case studies that reveal various challenges in technology and innovation management. Written by a mix of academic scholars and practitioners, the respective chapters present tools and approaches for the early detection of emerging fields of innovation, as well as relevant processes and resources. The contributing authors hail from leading innovative companies including Google, Amazon, Intel, Daimler-Benz, and NASA.
When businesses continually strive to access awareness and market opportunities globally, the globalization of R&D activities has continued its growth path. The main goal of international cooperation is to capture knowledge that can be converted to profit through two strategies: Technology exploration and Technology exploitation
R&D management is one of the important activities for any company. It is a process where technology change results in a product; for that change there are several steps need to be done. A company’s success depends on its R&D management. If a company does a great job on R&D, there is a big chance to get prosperity. Though lots of facts are conditional to the word “success,” a company needs to fulfill its R&D requirement like technical, markets, etc.
Internationalization is the trend that firms increasingly perform research and development activities outside their home countries. Reasons behind decentralized R&D are mostly related to faster learning of technology developments, customer needs, low costs, and globalizing the market. Capture knowledge and market opportunities internationally. The main goal of international cooperation is to capture knowledge that can be converted to profit through Technology exploration and Technology exploitation. The corporations were hesitant to internationalize their R&D work before the 1980s. The reasons for maintaining geographically clustered R&D are mostly related to maintaining optimum patterns of interaction. But market forces and the dissemination of technological know-how sources are forcing many companies to decentralize and internationalize their R&D labs. To order to stimulate this technical learning, businesses are internationalizing R&D to improve the process of technical learning and the management of the laboratory network.
Nike was founded by Phil Knight in 1964 with the intent to distribute and eventually design and develop the best track shoes. The company went on to revolutionize the sportswear industry. At the time, Adidas dominated a vast majority of the industry market share. The company quickly developed a large following after bringing several innovative and technology-driven shoe designs to market. Soon Nike’s brand became synonymous with high-performance sportswear and elite athleticism.
Supplier selection is an important function of a manufacturing company. The supplier choice directly affects the cost and the competitive edge in the market. But what happens when there are multiple suppliers, various criteria, and ambiguous parameters to be considered. Supplier selection can be defined as the process of finding the right suppliers with the right quality at the right price, at the right time, and in right quantities
Digitalization in sports provides a guide for future innovation showing the opportunities for innovation in sports sector. It defines a road map for R&D meeting health, social, environmental, and market needs. The effects of technologies such as mobile, cloud, artificial intelligence, sensors, and analytics are accelerating progress exponentially. Today, in sports sector right from organizing the event till broadcasting the sport everything is digitized which is redefining the traditional business. It is also creating a great platform for audience to discuss, share their opinions, and interact with their favorite player, sport, or team. Digital innovation increase fair play and good governance have success in revenues and expenses.
According to the US Energy Information Administration (EIA), 10% of the USA total energy consumption and 13% of electricity generation was coming from renewable resources in 2015. The International Renewable Energy Agency (IRENA) estimates that if renewable resources reached 27% of the US energy mix, it would save the US economy between $30 and $140 billion a year in terms of reduced health effects and CO2 emissions.
NASA stands for National Aeronautics and Space Administration. It is an independent agency of the executive branch of the United States federal government responsible for the civilian space program, as well as aeronautics and aerospace research. Given the complexities and challenges involved in space and aeronautics explorations, how does NASA manages its technology roadmap as it relates to research and development activities?